Rusty Wallace Racing, which did not compete in the 2012 season because of a lack of sponsorship, hopes to enter 10-15 Nationwide Series races in 2013 with driver Steve Wallace.

Steve Wallace, who is the son of soon-to-be NASCAR Hall-of-Famer Rusty Wallace, will be sponsored by the mortgage and real-estate firm Richard Tocado Companies. His first race in the No. 66 Ford will be in May at Charlotte. Wallace has six career top-five finishes in 192 career Nationwide starts.

“We all learned a lot over the last year or two and we’re looking forward to having the opportunity to show it. Our goal for 2013 is to compete in 10-15 events. We’re looking forward to growing our relationship with the Richard Tocado Companies and are very positive about what the future holds,” team owner Rusty Wallace said in a news release.

Rusty Wallace founded the team in 2004 and developed it for his son, Steve. Rusty Wallace Racing has just one Nationwide victory — in 2004 with Jamie McMurray.

Rusty Wallace has been selected for the NASCAR Hall of Fame thanks to his 55 career wins and a NASCAR Cup title in 1989. He will be inducted on February 8. Wallace retired from racing in 2005 and has since worked for ESPN as an analyst.